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Coordinated and Massive Global Stimulus Required

New UN report: Counteract synchronized downturn

UN economists are recommending massive economic stimulus packages that are coherent and mutually reinforcing on a global basis, and linked with sustainable development imperatives. These should come on top of the liquidity and recapitalization measures already undertaken by countries. That’s a main message of the new World Economic Situation and Prospects report (see reference). A WDEV summary of the first chapter

The 2007 sub-prime mortgage debacle spread into a global financial crisis in 2008, and since has turned into a calamitous economic downturn that will last into 2009 and likely beyond, says an advance edition of the UN annual economic report, issued at the international Financing for Development review in Doha. Also recommended are stronger regulation of financial institutions, adequate international liquidity provisioning, an overhaul of the international reserve system and a more inclusive global economic governance, to prevent against any future repetition ...

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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